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Old Posted May 25, 2004, 6:46 PM
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Jonas Jonas is offline
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Join Date: Aug 2002
Location: Greater London, UK
Posts: 1,308
Originally Posted by chem6
Whole eastern Europe is developing by building shopping centres and residentials. And all of it stands on foreign loans and leasings. there is nothing to be proud of.
the interesting fact is that nearly all projects and actually all major projects are being developed using loans and leasings from local banks and funds, and another interesting thing is that the major supermarket chain (occupying about 25% of whole retail market) is 100% of local capital
just to correct your last sentence. I'm talking about Lithuania.
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